ADMIS
Pros and Cons
Pros
- Regulated by Securities and Futures Commission (SFC) in Hong Kong
- Diverse trading instruments including forex, commodities, and cryptocurrencies
- Advanced trading platforms: MT4, MT5, web version, and mobile app
- Strong customer support available 24/5 through multiple channels
- Segregated funds for enhanced client fund protection
Cons
- No physical office presence
- Unclear fee structure and potential withdrawal fees
- No support for popular platforms like MT4 or MT5
- Limited educational resources for traders
- High minimum deposit for professional accounts
Basic Information
User Reviews
ADMIS Overview
ADMIS, officially known as ADMIS Singapore Pte. Limited, has been a prominent player in the forex brokerage industry for over 20 years. Established in Hong Kong, this broker is regulated by the Securities and Futures Commission (SFC), ensuring adherence to stringent financial standards and practices. With a long history of operation, ADMIS has built a reputation for providing a secure trading environment for its clients, enhancing its credibility in the competitive forex market.
The broker specializes in a diverse range of trading instruments, primarily focusing on forex and futures. ADMIS offers advanced trading platforms that facilitate efficient trade execution and provide users with essential tools for market analysis. Customer support is available to assist traders, ensuring quick responses and effective solutions. ADMIS distinguishes itself through its commitment to customer service, aiming to provide a seamless trading experience while maintaining a solid regulatory framework.
Is ADMIS Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Securities and Futures Commission (SFC) | Hong Kong | Segregated Funds |
Is ADMIS Regulated and How Are Client Funds Protected?
ADMIS, officially known as ADMIS Singapore Pte. Limited, is regulated by the Securities and Futures Commission (SFC) in Hong Kong. This regulatory oversight ensures that the broker adheres to strict financial standards and practices, contributing to a secure trading environment for clients. Client funds are protected through measures such as segregated accounts, which help safeguard deposits by ensuring that client money is kept separate from the broker’s operational funds. This regulatory framework aims to enhance investor protection and minimize risks associated with trading activities. ADMIS’s commitment to maintaining robust compliance with regulatory requirements further solidifies its reputation as a legit and safe broker in the competitive forex market.
Trading Products and Services
What Trading Instruments Does ADMIS Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | |
| Commodities | Gold, Oil | |
| Indices | S&P 500, NASDAQ | |
| Stocks | US, UK | |
| Cryptocurrencies | BTC, ETH |
ADMIS offers a diverse range of trading instruments that cater to various trading strategies and preferences. With a focus on forex, commodities, indices, stocks, and cryptocurrencies, traders can find multiple avenues to invest and diversify their portfolios. This variety is especially beneficial for different types of traders, including beginners who may want to explore various markets, as well as experienced professionals looking for specific asset classes to implement their strategies. The availability of multiple asset categories enhances flexibility, allowing traders to adapt their approaches according to market conditions and personal investment goals, thereby optimizing their trading experience.
Account Types and Trading Conditions
What Account Types and Fees Does ADMIS Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Access to a variety of trading instruments, user-friendly platforms | Suitable for those starting with smaller capital |
| Professional Account | Experienced traders and professionals | Higher leverage, tailored services, reduced spreads | Requires meeting specific trading volume criteria |
| Corporate Account | Corporate clients | Customized solutions, priority support | Requires corporate documentation for verification |
| Islamic Account | Traders seeking a swap-free option | No overnight interest charges | Available for clients adhering to Islamic finance principles |
| Demo Account | All types of traders | Practice trading without financial risk | Ideal for testing strategies and familiarizing with trading platforms |
Account Opening Process
To open an account with ADMIS, prospective clients must follow several steps. Initially, they need to provide personal information, including their full name, contact details, and date of birth. Following this, employment details and financial information must be submitted to assess suitability for the account type chosen. Identity verification is essential and requires documentation such as a government-issued ID and proof of address. After completing these steps, clients can enjoy the flexibility of upgrading to a professional account if their trading activity meets the necessary criteria in the future.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive pricing for traders |
| CFDs (S&P 500) | 1.5 | $0 | Access to major indices |
| CFDs (Gold) | 0.4 | $0 | Liquid commodity trading |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Traders should be aware of several additional fees that may apply. These include deposit and withdrawal fees, which can vary depending on the payment method selected. Inactivity fees might be charged if an account remains dormant for an extended period. Platform usage fees are not applicable at ADMIS, ensuring all clients can access trading tools without extra costs. Additionally, overnight interest, commonly referred to as swap rates, may apply to positions held overnight. Currency conversion fees may also be incurred when trading different currency pairs.
Trading Platforms and Apps
What Trading Platforms and Apps Does ADMIS Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | 2FA, multiple order types, technical indicators | Demo accounts available |
| Web Version | All devices (browser-based) | Encryption, symbol lookup, price alerts | No additional services |
| Mobile App | iOS, Android | Biometrics, one-click trading, push notifications | VPS services available |
ADMIS offers a selection of trading platforms tailored for different user needs. The MT4/MT5 platforms are suitable for advanced traders, providing robust features such as multiple order types and technical indicators. The web version ensures accessibility across all devices, featuring essential tools for market analysis. The mobile app enhances convenience, allowing traders to operate on-the-go with secure login options and real-time alerts. Overall, ADMIS prioritizes secure logins, fast order execution, efficient search tools, and mobile trading support to optimize the trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 2-5 business days | No platform fee | Min 100, Max 50,000 | USD, SGD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 10,000 | USD, SGD |
| e-Wallets (e.g., PayPal) | Instant | 1.5% fee | Min 50, Max 20,000 | USD, SGD |
| Cryptocurrencies | Instant | No platform fee | Min 0.01 BTC, Max 5 BTC | BTC, ETH |
Minimum Deposit
ADMIS requires a minimum deposit of $50 for retail accounts and $100 for professional accounts. This amount may vary depending on the chosen payment method and specific account types.
How to Withdraw
To withdraw funds from your ADMIS account, follow these steps: 1. Log in to your ADMIS account. 2. Navigate to the ‘Withdrawal’ section in the account dashboard. 3. Select your preferred payment method. 4. Enter the withdrawal amount. 5. Confirm your details and submit the request. 6. Wait for the processing time to complete, depending on the selected payment method.
Customer Support
ADMIS Customer Support Overview
Support Channels
ADMIS provides a variety of contact methods to ensure that clients receive the support they need. Traders can reach out via:
- Email: Clients can send inquiries to sales@admis.com.sg for assistance.
- Live Chat: For immediate help, a live chat option is available on the ADMIS website.
- Telephone: Customers can call +65 6632 3000 for direct support.
- Social Media: ADMIS maintains a presence on various social media platforms for updates and support interactions.
Service Availability
Customer support is available 24/5, ensuring that help is accessible during major trading hours. ADMIS offers multilingual support to cater to a diverse clientele, with assistance available in English and other languages.
Additional Resources
To enhance the trading experience, ADMIS provides various educational resources, including video tutorials, webinars, and market analysis, helping traders stay informed and improve their strategies.
Frequently Asked Questions
Yes, ADMIS is regulated by the Securities and Futures Commission (SFC) in Hong Kong. Client funds are protected through measures such as segregated accounts, ensuring that client money is kept separate from the broker’s operational funds, which enhances investor protection.
ADMIS offers a diverse range of trading instruments including forex, commodities like gold and oil, indices such as the S&P 500 and NASDAQ, stocks from the US and UK, and cryptocurrencies like BTC and ETH, catering to various trading strategies and preferences.
ADMIS offers several account types including Retail Accounts for beginners, Professional Accounts for experienced traders with higher leverage, Corporate Accounts for corporate clients, Islamic Accounts for those seeking swap-free options, and Demo Accounts for practice without financial risk.
ADMIS provides multiple support channels including email at sales@admis.com.sg, live chat on their website for immediate assistance, and telephone support at +65 6632 3000. Customer support is available 24/5 to cater to traders during major trading hours.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.